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Toys ‘R’ Us reports Q3 loss

As we head into the home-stretch for the 2009 holiday shopping season, US-based toy retailing giant Toys 'R' Us has revealed its Q3 2009 sales, marking a loss for the quarter. The good news? It's down from the same period in 2008.
December 10, 2009

As we head into the home-stretch for the 2009 holiday shopping season, US-based toy retailing giant Toys ‘R’ Us has revealed its Q3 2009 sales, marking a loss for the quarter. The good news? It’s down from the same period in 2008.

Net Sales for the quarter ending October 31, 2009 were US$2.66 billion compared to US$2.77 billion the previous year, owing to lower comparable store net sales across many sectors, including gaming and accessories.

However, TRU’s net loss for the quarter was US$67 million, compared to a US$104 million loss for Q3 2008.

For the first nine months of the year, the toy retailer suffered a US$75 million net loss, compared to US$127 million the year before. Net sales declined in the same period to US$7.71 billion, down from US$8.26 billion in 2008.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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